EXEC: Academy Sports Sees Weather/Consumer Woes Derailing Sales Recovery
EXEC: VF Corp. Cutting Another 500 Jobs This Week
EXEC: Black Friday Weekend Sales See Encouraging Start to Holiday Selling
EXEC: Analysts Skeptical of Colt CZ’s Bid for Vista Outdoor
EXEC: Vista Outdoor Receives Unsolicited Offer to Acquire Company
SGB Update
5.11 Tactical to Transition Senior Leadership
Francisco J. Morales, co-founder and former CEO will be promoted to executive chair of the Board of Directors, while 5.11 Board member Troy R. Brown will become CEO, effective January 1, 2024.
American Outdoor Brands Sales Grow Mid-Singles in Fiscal Q2
Second quarter earnings per share was down by two-thirds despite a 6.2 percent increase in sales. The shooting sports category saw a slight decline in net sales by that decline was offset by growth in the outdoor lifestyle category.
Ski-Doo Parent Company Reports Q3 Lift from N.A. Snowmobile Sales
BRP Inc.’s North American Powersports Products retail sales were flat year-over-year for the third quarter, reportedly driven by the strong retail sales of Snowmobiles offsetting declines elsewhere. North American retail sales for Marine Products decreased 30 percent.
SGB Executive
EXEC: Academy Sports Sees Weather/Consumer Woes Derailing Sales Recovery
Academy Sports and Outdoors, Inc. said a slow start to fall selling due to warmer temperatures as well as continued weak consumer demand caused third-quarter results to miss plan, resulting in a downward revision to full-year guidance. CEO Steve Lawrence said on an analysts call, “We feel like we don’t have a challenged strategy. We’ve got a challenged customer.”
EXEC: VF Corp. Cutting Another 500 Jobs This Week
Fifteen months after cutting 300 jobs across its global workforce, the parent of the Vans, TNF, Dickies, Timberland, Smartwool, Jansport and other active lifestyle brands, is at it again, confirming Wednesday that another 500 jobs would be eliminated this week.
EXEC: Black Friday Weekend Sales See Encouraging Start to Holiday Selling
Led by online selling and boosted by promotions, sales on Black Friday and over the past weekend topped or came in line with modest expectations, according to multiple survey reports and Wall Street analysts.
